Member Info for tadders123

You'll like this thread Riffgo, saw posted on twitter yesterday https://threadreaderapp.com/thread/1372577117762912260.html

100 bagger would be alright!

Geri, where did you get the breakeven TACV figure of £9.8m from? that is definitely within site and very achievable! Cracking little growth business

This has got way further to go, still so undervalued vs its comp set. Long may the rise continue!

Agreed, they were in a formal sales process for about 2 years prior to Covid which led to nothing and they're in a far worse position now than they were then. I presumed the share price would drop off a cliff this afternoon on the news but it held up, presume people waiting for Friday to see if HMJ stay in.

Agreed, its a positive step, its just the subtle spin you put on everything that I don't like given I believe people on this thread take a lot of guidance from your posts given you are clearly incredibly knowledgeable about the business. Like I called you out when you described Mark F as City Financier, just think you are getting carried away when he has taken £650k equity, arrangement fees etc. Not looking to pick a fight so will leave it there. Good luck

Look at the accounts, he took £250k as an international consultancy fee in 2019 and 2018 so not really a 50% reduction is it, just a £25k reduction in chairman fees. He charged £170k in 2019 for "additional contracted work" which he didn't do in 2020 because he was taking extortionate chunks of equity in lieu of payment for "introduction, negotiation, development and launch of the new projects and concepts", all nonsense.

Can't fault DC's commitment with the loan extension but they're also having to pay consultancy and service providers through the issue of equity. Unsurprising given likely cash levels but this is not the time to be "topping up".

I think you are confusing the 8.3 and 8.5 forms with a TR-1

Can someone with insolvency knowledge explain what would happen to the store portfolio liabilities in a scenario where just the brand and IP used for licensing are acquired but as part of a solvent sale? (i.e. the business is not put in to administration first). Are you effectively left with a retail shell company with £xm of proceeds on the balance sheet that you then wind up, distributing to landlords, creditors etc before anything goes to the shareholders?

I noted in one article that one of the bidders was an online brand specialist so interested to see how this can mechanically play out without the business being placed in administration and being able to shed it's liabilities that way

A 44% increase makes literally zero sense given its store portfolio, cash position and last trading update. I presume there is some sort of restructuring underway that has been leaked unless anyone has any better guesses?

Well the article has helped accelerate the pricing correction that's for sure!

You’ve changed your tune! Two days ago you were buying

Agree though, M/C is absurd

Firmly off the watch list now! Too many related party transactions too take in. Wish the business well but can’t get my head around the governance structure whatsoever

Yes its odd, maybe an expectation that Frasers might follow a similar strategy with FCCN as they have with Mulberry? I see that as highly unlikely personally

Hi Hellas - I thought you had dabbled back in September? Keep your insights coming, they are useful

I was in at 340 from the summer - ignored one of my golden rules to hold and bottled it three weeks ago at 225, what a terrible decision!... ah well, onwards and upwards

DWF interims today which seem a nice barometer of Prof Services market sentiment - they are now trading off a PE ratio of 23 vs c.1.5 for INCE…….!

My hope is when the dividend is reinstated and yielding c.20%+, investors will be unable to ignore the pricing discrepancy

Agreed, I can definitely see Boohoo acquiring FC but i'm almost certain they'd buy it out of administration, cherry picking the online assets and licensing rights like they've done with KM and others

I think that must be the reason Beza as the trading update didn't read too badly to me, but this is a share that continually baffles me so what do I know!
Despite the frustration this share has caused me since buying earlier this year, this share is still criminally undervalued and I will continue to hold awaiting a) a rerate and b) a dividend reinstatement, both of which will come

Would agree with that but Mark is not a city financier, that's very misleading, he is a very good headhunter

What's going on with the trade volumes? - not complaining about the SP rise but can anyone explain it? cheers